Our Recommendations :-
Follow CA Final FB Page

Change Rate in Service Tax for the May 2016 Attempt??

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Syed Faisal asked about 3 years ago

For May 2016 Attempt what is the Service Tax Rate??

    0       0 Answer Now Comment Report
5 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Ruchi Aggarwal answered about 3 years ago

Yup change in rate will applicable for may 2016 attempt as amendments whose added between 6 months period from exam will be added in the syllabus.

    1       0 Comment Report
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 nayan answered about 3 years ago

Hello dear, your question is about the applicability of revised rate of service tax. dear i m answering you that as per the finance act (2),2014 the rate of service tax is change from 12.36% to 14%. howere it is also said in the act that the rate for diffrent services are different as per the neceecity of the utility of the service by the user. FROM MAY 2016 RATE OF SERVICE TAX IS 14% OF THE AMOUNT OF THE SERVICES PROVIDED IT IS ALSO CLEAR THAT THE APPLICABLE RATE FOR DIFFERENT SERVICES ARE IN THE CA MAY 2016 EXAM ARE AS FOLLO Effective Service Tax Rates for various services Normal - 14 % GTA Transports - 4.2 % Builder-Residentail - 3.5 % Builder-Commercial - 4.2 % Civil Contractor with Material - 5.6% Erection/ elctr wth Material - 5.6% Repair Maint. of Bldg or goods - 9.8 % Lodging - 8.4 % Restaurant - 5.6 % Catring - 8.4 % Hall wth Catering - 9.8 % Vehicle Rent - 5.6%

    0       0 Comment Report
Open uri20170510 32134 1tg2yib?1494421742 Shivam Gupta answered about 3 years ago

YES,IT WILL BE APPLICABLE FOR MAY 2016 EXAMS.ALL THE CHANGES THAT TOOK PLACE BEFORE 6 MONTHS OF EXAMS ARE APPLICABLE FOR THAT ATTEMPT. SINCE IT IS A CHANGE BY FINANCE ACT 2015 WHICH WILL BE APPLICABLE FOR MAY 2016 EXAMS. HENCE THE NEW SERVICE TAX RATE OF 14% WILL BE APPLICABLE FOR MAY 2016 EXAMS.

    1       0 Comment Report
Open uri20170510 32134 ng4pv?1494421709 SONIYA answered about 3 years ago

your question about "**Change Rate in Service Tax for the May 2016 Attempt**" is difficult to answer since presently service tax rate is 14% with effect from 01.06.2015 and also education cess & secondary higher education cess has been removed with effect from 01.06.2015 , further government is yet to notify swachh bharat cess. The Finance Ministry said that the Swachh Bharat 2 per cent cess on various services will be notified at a later date although the higher rate of 14 per cent Service Tax will take effect from June 1. **Change Rate in Service Tax for the May 2016 Attempt** will depend much on the notification of the government later on and as of now nothing can be said with surety with regard to **Change Rate in Service Tax for the May 2016 Attempt.**

    2       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Sumeet Agrawal answered about 3 years ago

Hi Government has recently changed rate of service tax from 12% to 14%. Thus changed rate of service tax of 14% would be applicable for may 16 attempt. However Government can change the rate by giving notification in official gazette & then Change rate would apply. As of now, 14% rate is applicable in May 16 attempt.

    0       0 Comment Report
Get Notifications
Videos
Books
Notes
Loading
SIGN UP
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.